CF Industries Holdings, Inc. $CF Stake Lifted by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC increased its stake in CF Industries Holdings, Inc. (NYSE:CF) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,998 shares of the basic materials company’s stock after acquiring an additional 606 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in CF Industries were worth $1,196,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CF. Pacer Advisors Inc. boosted its holdings in shares of CF Industries by 8,352.8% in the first quarter. Pacer Advisors Inc. now owns 1,451,338 shares of the basic materials company’s stock valued at $113,422,000 after acquiring an additional 1,434,168 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in CF Industries by 72.8% during the first quarter. Bank of New York Mellon Corp now owns 2,278,354 shares of the basic materials company’s stock valued at $178,053,000 after purchasing an additional 959,901 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in CF Industries by 72.1% during the second quarter. Allianz Asset Management GmbH now owns 1,728,927 shares of the basic materials company’s stock valued at $159,061,000 after purchasing an additional 724,329 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in CF Industries during the second quarter valued at approximately $63,104,000. Finally, AQR Capital Management LLC lifted its stake in CF Industries by 113.1% during the first quarter. AQR Capital Management LLC now owns 928,701 shares of the basic materials company’s stock valued at $72,123,000 after purchasing an additional 492,846 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

CF Industries Stock Down 2.3%

Shares of NYSE:CF opened at $84.10 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.84 and a current ratio of 3.22. The company has a market cap of $13.62 billion, a PE ratio of 10.98 and a beta of 0.93. CF Industries Holdings, Inc. has a 52 week low of $67.34 and a 52 week high of $104.45. The firm has a 50 day simple moving average of $86.77 and a 200 day simple moving average of $88.06.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.35 by $0.02. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.73 billion. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.30 EPS. As a group, research analysts expect that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current year.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a $0.50 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. CF Industries’s dividend payout ratio is presently 26.11%.

Wall Street Analyst Weigh In

CF has been the subject of several recent research reports. UBS Group cut their target price on shares of CF Industries from $101.00 to $96.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Scotiabank reissued a “sector perform” rating and set a $82.00 target price (up from $81.00) on shares of CF Industries in a research note on Monday, August 11th. Bank of America increased their target price on shares of CF Industries from $82.00 to $83.00 and gave the company an “underperform” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. raised shares of CF Industries from an “underweight” rating to a “neutral” rating and increased their target price for the company from $75.00 to $92.00 in a research note on Tuesday, July 29th. Finally, Barclays raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $95.00 to $100.00 in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $97.54.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.